SPE: Meidan Base Pay For Member Engineers Now $118,250

The worldwide median base pay for engineers who belong to the Society of Petroleum Engineers is $118,250, according to an expanded SPE compensation survey conducted this summer. With additional compensation items included, such as a car allowance, the median total compensation was $146,194. (All data collected in local currencies was converted to U.S. dollars using the exchange rate as of July 1.) More than 10,000 SPE members worldwide, working in some 91 countries, participated in the survey, the society's largest ever. By comparison, last year's survey collected data from just 2,751 members. This year, the survey included anonymous responses from 4,635 members working in the U.S. and 5,412 people working outside the U.S., about five times the amount recorded in prior surveys. Please contact custserv@hartenergy.com with any questions, or call 713-260-6442